Newcastle United are set to reject a £10m bid from Arsenal for the midfielder Yohan Cabaye.

The Frenchman has been linked with a move away from St James' Park this summer with the likes of Manchester United, Paris Saint-Germain and Monaco all interested.

The 27-year-old was linked with a move to the Emirates last summer but no deal materialised. The London club made an approach on Monday but the offer will be turned down as the Newcastle owner, Mike Ashley, looks to force up the price.

It is understood that the club want nearer £20m for Cabaye, who has become a key player for Newcastle since joining two years ago and who still has three years remaining on his contract.

The timing of the move may frustrate Newcastle, before their first Premier League game of the season away at Manchester City on Monday night.